FT 12/06/19 - Vox Markets | Vox Markets

FT 12/06/19

New Unilever (ULVR) CEO Jope banks on recovery in sales growth. Head of consumer goods group will shift company further in to the beauty and personal care market

Woodford risks being kicked off listed namesake trust. Woodford Patient Capital Trust (WPCT) has spoken to broker about ending fund manager’s contract

Lex – Woodford Patient Capital Trust (WPCT): patience runs out. Thanks to Woodford’s fame, small investors piled into a fund unsuitable for many of them

Lombard – Ted Baker (TED) 29% discount makes it look like a bid bargain. Size of fashion chain’s profit warning has proved a shock to investors

MPs question Hargreaves Lansdown (HL.) over Woodford ties. Commons committee demands answers on relationship with troubled fund manager

Sports Direct International (SPD) challenges Debenhams (DEB) restructuring. Rare move against CVA threatens to complicate department store’s recovery

Mall owner Intu Properties (INTU) deals blow to Arcadia rescue hopes. Key landlord reluctant to support rent cuts ahead of vote on Philip Green’s retail empire

UK’s Compass Group (CPG) to buy Nordic caterer in €475m deal. Acquisition will extend Northern European reach of world’s largest catering company

Crest Nicholson Holdings (CRST) profits fall on shift away from London house sales. UK homebuilder reports rise in revenues as it tilts business towards partnerships

Ted Baker (TED) warns ‘difficult’ conditions to hit profits. Retailer’s shares drop by a third as it announces it will miss forecasts

Goldman’s Marcus teams up with Saga (SAGA) to target over-50s. US investment bank plans to tap into savings potential of older UK clients

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Mentioned in this post

CPG
Compass Group
CRST
Crest Nicholson Holdings
DEB
Debenhams
HL.
Hargreaves Lansdown
INTU
Intu Properties
SAGA
Saga
SPD
Sports Direct International
TED
Ted Baker
ULVR
Unilever
WPCT
Woodford Patient Capital Trust